Schröder, Michael; Hüfner, Felix P. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002
Managers Index (PMI) and the ZEW Indicator of Economic Sentiment (ZEW) lead the yearon-year growth rate of German industrial … business expectations significantly by one month and that the latter has a onemonth lead over the PMI. Out-of-sample forecast … evaluations suggest that both ifo and ZEW provide the best forecasts for industrial production among the three indicators ifo, PMI …
